Toronto-Dominion Bank Q3 2024 Adj. EPS C$2.05 Misses C$2.07 Estimate, Sales C$14.176B Beat C$12.581B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toronto-Dominion Bank's Q3 2024 earnings per share missed estimates slightly, but sales exceeded expectations significantly. EPS was C$2.05, below the C$2.07 estimate, while sales were C$14.176 billion, surpassing the C$12.581 billion estimate.
August 22, 2024 | 10:04 am
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Toronto-Dominion Bank's Q3 2024 earnings per share of C$2.05 missed analyst estimates of C$2.07, but sales of C$14.176 billion exceeded expectations of C$12.581 billion. This indicates strong revenue growth despite a slight EPS miss.
The slight miss in EPS suggests a minor negative sentiment, but the significant beat in sales indicates strong business performance. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100